[Sino-Congolese Programme] China Eximbank provides $5.6 million loan for Electricity Generator Acquisition Project (Linked to Record ID#450)

📋 Staff Comments

1. The French project title is Fournitures des groupes électrogènes.
2. These generators are most likely the two generators of 630 KVA each installed in 2015 to compensate for the lack of electricity in the factory to build prefabricated houses located in Kisangani (see Project ID#59226).
3. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
4. Some sources suggest that this project may have been supported by a grant rather than a loan. This issue warrants further investigation.
5. Given that AidData has captured the entire $3.003 billion China Eximbank loan commitment amount for multiple infrastructure projects via Project ID#450, it does not record a financial commitment (transaction) amount for the subsidiary loan supporting this project to avoid double-counting.
6. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

• The impact of Sicomines on development in the Democratic Republic of Congo
• Convention de Collaboration entre la Republique Democratique du Congo et La Societe Sinohydro Corporation Relative au Developpement d'un Projet Minier et d'un Projet d'Infrastructures en Republique Democratique du Congo
• Protocole d'Accord
• Avenant No.3 a la Convention de Collaboration Relative au Developpement d'un Projet Minier et d'un Projet d'Infrastructures
• The risks and rewards of Resource-forInfrastructure deals: Lessons from the Congo's Sicomines Agreement, 5 ans au service de la reconstruction et de la modernisation: Projet de cooperation Sino-Congolais
• The Sicomines agreement revisited: prudent Chinese banks and risk-taking Chinese companies
• Sicomines : un bel exemple de coopération sino-africaine
• Etude d’évaluation de la mise en œuvre de la convention de collaboration relative au développement d’un projet minier et d’un projet d’infrastructures en RD Congo Projet SICOMINES
• CONVENTION DE LA SINO-CONGOLAISE DES MINES : Qui perd, qui gagne entre l’Etat congolais et la Chine ?, rapport assoupliitie Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.